金融供给侧角度下小微企业利用风险投资解决融资难问题探究
2021-08-16陈天逸
陈天逸
【摘 要】小微企业在国民经济和社会发展中的作用日益显著，融资约束成为阻碍企业蓬勃发展的主要问题，全世界范围内“麦克米伦缺口”至今仍十分突出，而风险投资由于自身特点被认为是最适合小微企业的融资方式之一。国家“十四五”规划和山东省产业结构调整的实施，为小微企业的转型发展提供了机会。论文从金融供给侧角度，运用SWOT分析方法，对山东省发展风险投资缓解小微企业融资难问题进行研究，通过分析得出相较于发达地区，山东省小微企业利用风险投资融资有限，应该在政府的引导下克服劣势，抓住机遇;提出通过培养风险投资人才，加速营商环境优化，壮大小微企业自身实力，充分发挥中介服务机构的作用等建议，以缓解小微企业融资难的困境。
【Abstract】The role of small and micro enterprises in the development of national economy and society is becoming more and more prominent. Financing constraints have become the main problem hindering the vigorous development of enterprises.The "Macmillan gap" is still very prominent all over the world. Due to its own characteristics， venture capital is considered as one of the most suitable financing methods for small and micro enterprises. The implementation of the national "14th Five Year Plan" and the adjustment of industrial structure in Shandong Province provide opportunities for the transformation and development of small and micro enterprises. From the perspective of the financial supply side and using the method of SWOT analysis， this paper studies the development of venture capital in Shandong Province to alleviate the financing difficulties of small and micro enterprises， and concludes that compared with the more developed regions， small and micro enterprises in Shandong Province should take advantages of limited venture capital financing and overcome disadvantages under the guidance of the government， and seize the opportunity. The paper puts forward some suggestions， such as cultivating venture capital talents， accelerating the optimization of business environment， strengthening the strength of small and micro enterprises and giving full play to the role of intermediary service institutions， so as to alleviate the financing difficulties of small and micro enterprises in Shandong Province.
【关键词】金融供给侧;风险投资;小微企业;SWOT分析
【Keywords】 financial supply side;venture capital; small and micro enterprises; SWOT analysis
【中图分类号】F832.4;F276.44 【文獻标志码】A 【文章编号】1673-1069（2021）08-0082-04
1 引言
小微企业普遍存在融资约束问题，分析并破解融资难问题已经成为当务之急。金融供给侧改革就是从供给角度化解社会资金供需矛盾，解决企业融资问题，风险投资便是金融供给侧中一项重要方法。风险投资是指向初创企业提供资金支持并取得该公司股份的一种融资方式，它强调高风险、高收益，在企业发展成熟后通过公开上市等退出方法将股票出售获得与风险相对应的回报，这种特点使其可以为小微企业提供资金支持。
由于不同的地区经济发展情况和经济政策的不同，各地风险投资对于小微企业融资约束的影响也不相同。……
